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- Sears Holdings Corp. was dealt another blow Thursday when word spread that CIT Group Inc., a key lender in the retail industry, would no longer provide loans to suppliers shipping goods to Sears and Kmart. The news sent Sears shares tumbling as much as 6 percent Thursday before the stock recovered to close up 3.3 percent, at $34. Sears stock had been as high as $80 in October at the start of the critical holiday shopping season, when the company traditionally generates 30 percent of its annual revenue.

The volatile swing in Sears stock price Thursday signals how uneasy investors are about whether the retailer will survive its latest financial trouble.